Dáil debates

Tuesday, 27 September 2011

4:00 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael)

Who Deputy Adams meets in New York is his own business. All I can state is that the Minister for Finance has pointed out quite clearly that from his discussions with Mr. Trichet and Commissioner Rehn the question of burning senior bondholders in Anglo Irish Bank is something they would not contemplate. When this was mentioned in Greece, the contagion immediately spread to other larger economies, as Deputy Adams is well aware. What was signed off by my predecessor was a promissory note to Anglo Irish Bank and INBS for €30 billion, that is, €3 billion over each of ten years-----

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